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10/29/2012 5:01PM

Economic Impact of Hurricane Sandy

With most businesses in New York and throughout the Mid-Atlantic and Northeast U.S. closed today due to Hurricane Sandy, Planalytics President Scott Bernhardt on The News Hub discusses economic impact of the storm. Photo: AP.

This transcript has been automatically generated and may not be 100% accurate.

... I ... mm mm ay ay ay ay ay ay mm mm mm ... the lake with all the while we are now the absolute latest news ... on this tanning is twelve thousand flights have been canceled but is up from nine earlier ... in this thing nine thousand the Odeon the main out twelve thousand schools having closed today and tomorrow stock exchanges and the bond market ... will be closed tomorrow in addition to ... calm the closer the spotlight as the bank ... in the city in York City the tunnels and subways all all closed whether the bridges will be close to my request and it will depend on Wednesdays ... we call the political campaigns of Romney and Obama both suspended temporarily ... and down some of the major highways and New Jersey and Connecticut ... they have been closer will sustain me well the the the the the afters of the FDR drive him on the ... B side of Manhattan that is essentially clothes will have ... wall mount the vs day don't come ... how much will of installment cost of the economy ... the big question and so we got someone with a brand salvos ... this goal but on a joins us now from when would cancel any is the president of ... plateau at six of stuff thank you very much for joining us ... while it is a bit ... what his plan all index ... aam ... which we say the economic impact of weather so will look at the impact of some of the storms but they Indiana weather on everything from large retailers to ... restaurants to an overall trend begins walls all sorts of things affected by the weather ... which is basically the dollar's sensation with the weather so let's go through what Andrea I have is the winningest men's ones that so when we tile counters retail been affected ... well there's good news is bad news he read it be that it is probably the easiest lot of people ran up and prepped for the storm and seventy million people were affected by this or ... that many of the ... most of them ran up and did some sort of preparations Home Depot Lowes ... of folks like that these are all ... that significant in a run at the ... detail ... also ... convenience stores ... people buy all water seem ... to be ... on the extent of age all Islam as increased research or just pass ... over these last couple of days ... now is the ... isthe American Hershey store ... home Depot they're not at the mall ... so her retailers anyone really I'm you know prepping for Christmas ... on you or even how we saw a real down to repeat words were not in the in a celebratory old torture that day ... in a holy or Christmas moves it really was ... a singing verses of the year and said he's winning now and then when winning out some things in switching from a Mazda from the two of the last half of all this from the nice to have someone like to ease out the door and discussion defenses of the bill ... so I've heard estimates that this could cost us ten of Billy inbox a day of the U S economy as the lead with a B ... is that passed in the right to use the new web of wool many one ... it is well I mean every costs as the printing and you know which included the word from ten to fifteen billion dollars ... I read a smaller store will be a ... certain significance of Lessin Apple ... Inc's likely to be the test is not over yet so it's very difficult call ... but right now looking a significant storm bigger than Harry ... Reid was close to fifteen billion so um yes I think they were certainly in that were looking into each sentence for you know ... for certain ... where it lands in particular is very hard to call this point ... so ... what we soul that you know ... people go back most people go back to normal last time when family quickly not every on by a longshot I know I know I'm folks that the still recovering from a ... and Katrina took a very long while to recover from a new lanes ... what about this one how fast can we be back and then back and forth normal ... very tough on the call center is Europe from a church reports it still is still in motion or select entirely certain where specifically it will hit hardest ... on how long it will stick around me is early but on that said I think it will entity in it we were hoping ... that will be nearly as severe as ... as Katrina was in the latest breaking things like that but they're just very tough to call ... on what will happen you will more cranes fall I don't really do not know of that said this is a significant storm that should not be taken lightly it is on a massive scale ... now let's let's hope ... it is the isthe was that as a ... Andreessen past thank you Brian much talk but not all flannel in its ... base ...